Sabre Insurance Group Full Year 2022 Earnings: Misses Expectations
Sabre Insurance Group (LON:SBRE) Full Year 2022 Results
Key Financial Results
Revenue: UK£159.7m (up 4.6% from FY 2021).
Net income: UK£10.1m (down 67% from FY 2021).
Profit margin: 6.3% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: UK£0.041 (down from UK£0.12 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sabre Insurance Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Insurance industry in the United Kingdom.
Performance of the British Insurance industry.
The company's shares are down 1.4% from a week ago.
You should always think about risks. Case in point, we've spotted 2 warning signs for Sabre Insurance Group you should be aware of, and 1 of them can't be ignored.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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